Full Year 2022 Bellway PLC Earnings Call Transcript
Good morning, and welcome to Bellway's full year results. We have a number of things to talk about this morning, not least current trading and outlook. But first, I would like to mention a few highlights from FY '22. Housing completions grew by 10% to a record 11,200 homes. Underlying PBT rose by 22% to GBP 650 million. Dividend per share increased by 19% to 140% (sic) [GBP 140p]. And importantly, we have a land bank now approaching some 100,000 plots, which provides flexibility for the years ahead. And our strong results demonstrate the progress that we're making against our key components of our strategy, namely, volume growth value creation and Better With Bellway, our long-term commitment to run the business in a responsible and sustainable way. And both of these subjects are covered in more detail later in the presentation.
Now as we navigate through a period of uncertainty, it's worth looking at Bellway's shape and resilience. Our early reinvestment into the land market in the summer of 2020 enables us to open 120 new
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